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CSP (CSPI) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 14, 2026 · CSP (CSPI) Q3 FY26 earnings results →

Q3 FY26 Revenue down 7% year over year to $14.4M · 6¢ of every $1 of revenue lost · operating margin -10.7%

CSP made $14.4M in Q3 FY26 (-7% Y/Y): Product $9.9M, Service $4.5M. Operating margin -10.7%, net loss $846K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$14.4M
Year over year-7%
Operating margin-10.7%
Net earnings−$846K
Operating cash flow$447K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $14.4M in Q3 FY26, down 7% year over year and down 10% from the previous quarter. Product was the largest line at 69% of revenue. Service lost $843K year over year (down 16%), 80% of the total change.

Gross margin was 30.1%, up 1.3 points from Q3 FY25. Operating costs exceeded revenue by $1.5M, an operating margin of -10.7%. Operating expenses grew 4% against a revenue fall of 7%. The quarter ended with a net loss of $846K, after a profit of $264K the previous quarter. Non-operating items added $330K, -27% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $447K. Non-cash charges added back $36K of depreciation and amortization and $532K of share-based compensation. Working capital and other items added $725K.

Quarterly history

CSP revenue by quarterCSP revenue by quarter$13.0MQ4 FY24$13.1MQ2 FY25$15.4MQ3 FY25$14.5MQ4 FY25$12.0MQ1 FY26$16.0MQ2 FY26$14.4MQ3 FY26
CSP net earnings by quarterCSP net earnings by quarter−$1.7MQ4 FY24−$108KQ2 FY25−$264KQ3 FY25−$191KQ4 FY25$91KQ1 FY26$264KQ2 FY26−$846KQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 14, 2026$14.4M-7%-10.7%−$846K$447K
Q2 FY2610-QMay 7, 2026$16.0M+22%-5.3%$264K−$493K
Q1 FY2610-QFeb 12, 2026$12.0M-23%-0.9%$91K−$2.9M
Q4 FY2510-KDec 16, 2025$14.5M+11%-3.7%−$191K$1.9M
Q3 FY2510-QAug 14, 2025$15.4M+18%-7.9%−$264K−$3.3M
Q2 FY2510-QMay 15, 2025$13.1M-4%-7.6%−$108K$1.9M
Q4 FY2410-KDec 20, 2024$13.0M-15%-15.7%−$1.7M−$1.5M

Charts

CSP: revenue growth, year over year and quarter over quarterCSP: revenue growth, year over year and quarter over quarterY/YQ/Q-15%Q4 FY24-4%+1%Q2 FY25+18%+18%Q3 FY25+11%-6%Q4 FY25-23%-17%Q1 FY26+22%+33%Q2 FY26-7%-10%Q3 FY26
Latest (Q3 FY26): Y/Y -7%, Q/Q -10%.
CSP: where the cash came from (+) and went (−), TTM to Q3 FY26CSP: where the cash came from (+) and went (−), TTM to Q3 FY26Cash drawn (+) / kept (−)$1.6MNet borrowing (+) / repaid (−)$1.3MDividends−$1.2MOperating cash flow−$1.1MBuybacks−$491KCapital spending−$347KShares issued$266KOther investing−$80KExchange rates−$9K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
CSP: profit against cash, quarter by quarterCSP: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.7M−$1.5MQ4 FY24$472K$1.7MQ1 FY25−$108K$1.9MQ2 FY25−$264K−$3.3MQ3 FY25−$191K$1.9MQ4 FY25$91K−$2.9MQ1 FY26$264K−$493KQ2 FY26−$846K$447KQ3 FY26
Latest (Q3 FY26): Net income −$846K, Operating cash flow $447K.
CSP: diluted shares by fiscal year (split-adjusted)CSP: diluted shares by fiscal year (split-adjusted)8MFY208MFY219MFY229MFY239MFY249MFY25
+15.4% since FY20: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY23.
CSP in its industry: growth against margin (40 companies, SIC 7373)CSP in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICPSNGDDYOTEXLAWILJKHYIOTUISWAYNTCTRBBNIONQAGYSOSPNTLSSMRTASURWYYSTEMCREXHCTIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICCSPI (-7%, -11%)
Services-Computer Integrated Systems Design; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About CSP

CSP Inc. ("CSPi" or "CSPI" or "the Company" or "we" or "our") was incorporated in 1968 and is based in Lowell, Massachusetts. To meet the diverse requirements of our commercial and defense customers worldwide, CSPi and its subsidiaries develop and market IT integration solutions, advanced security products, managed IT services, cloud services, purpose built network adapters, and high-performance cluster computer systems. The following table details our sales by operating segment for fiscal years ended September 30, 2025 and 2024. Additional segment and geographical information are set forth in Note 17 Segment Information to the consolidated financial statements.

In its own words, from its 10-K, filed Dec 16, 2025.

CSP against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -7% against the peers' median +2%. Operating margin: -10.7% against the peers' median 10.0%.

CompanyQuarterRevenueY/YOp. margin
CSPI CSPQ3 FY26$14.4M-7%-10.7%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
PSN ParsonsQ3 2026$1.7B+2%6.3%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LAWIL Light & WonderQ3 2026$824M-2%29.4%

Source: CSP 10-Q on SEC EDGAR · CIK 356037 · Services-Computer Integrated Systems Design

13F: who owns CSPI and who is buying

Largest holders of CSPI (13F)Largest holders of CSPI (13F)Visionary Wealth Advisors$6.4MVanguard Group$5.6MVanguard Capital Management LLC$2.8MDimensional Fund Advisors LP$2.8MRenaissance Technologies LLC$2.1MGeode Capital Management, LLC$647KMillennium Management LLC$553KBlackRock$512KVanguard Fiduciary Trust$369KBridgeway Capital Management, LLC$366K
Funds' net buying of CSPI by quarter (13F)Funds' net buying of CSPI by quarter (13F)−$896K2024-09−$426K2024-12−$2.0M2025-03$3.2M2025-06−$636K2025-09−$527K2025-12$745K2026-03−$4.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CSPI

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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中文版：CSP（CSPI）财报

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